Morgan Keegan Lowers Numbers on Apple (AAPL) On Slower iPad and Mac Sales
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Price: $305.93 +0.22%
Rating Summary:
44 Buy, 29 Hold, 9 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
44 Buy, 29 Hold, 9 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Morgan Keegan lowered estimates and its price target on Apple (NASDAQ: AAPL) from $530 to $513, saying iPad and Mac sales came in slightly lower than exceptions in December, although iPhone was slightly above.
The firm cut Q1 EPS from $10.24 to $10.10, which is still above the consensus of $9.83. The firm cut 2012 EPS from $33.76 to $33.32, which is below the consensus of $34.67.
The firm maintained their Market Perform rating on Apple.
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $405.00 yesterday.
The firm cut Q1 EPS from $10.24 to $10.10, which is still above the consensus of $9.83. The firm cut 2012 EPS from $33.76 to $33.32, which is below the consensus of $34.67.
The firm maintained their Market Perform rating on Apple.
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $405.00 yesterday.
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